Nokia Oyj (NYSE:NOK) Upgraded at StockNews.com

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK) from a buy rating to a strong-buy rating in a report released on Thursday morning.

A number of other equities research analysts also recently issued reports on the stock. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Craig Hallum boosted their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $4.35 to $6.35 in a research report on Monday, December 9th. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.86.

Nokia Oyj Stock Down 3.9 %

NOK opened at $4.51 on Thursday. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $4.95. The business has a 50-day moving average of $4.41 and a two-hundred day moving average of $4.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 56.31, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06.

Institutional Investors Weigh In On Nokia Oyj

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in Nokia Oyj by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after acquiring an additional 3,427 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Nokia Oyj during the third quarter worth $44,000. JGP Wealth Management LLC purchased a new position in shares of Nokia Oyj in the third quarter valued at $45,000. Foundations Investment Advisors LLC acquired a new stake in Nokia Oyj during the 4th quarter valued at $45,000. Finally, PEAK6 Investments LLC purchased a new stake in Nokia Oyj during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.